Exceptional Duplex Opportunity in Coveted Corona Del Mar – R2 Zoned
Don't miss this rare opportunity to own a beautifully maintained R2-zoned duplex in the heart of Corona Del Mar. This versatile property features two spacious units, each offering four bedrooms across two stories, ideal for short-term rental income, long-term tenants, or future redevelopment into luxury condos or a spectacular custom home.
Property Highlights:
Two Fully Furnished Units – Each unit includes 4 bedrooms and 2 bathrooms with expansive, open-concept living spaces.
Permitted Short-Term Rental – Operates successfully as a fully furnished STR with city permits already in place.
Modern Comforts – Near-new air conditioning, forced-air furnaces, double-pane Milgard windows and sliders, and two high-speed EV charging stations.
Green Energy Ready – Two separate sets of solar panels help minimize utility costs. Upgraded electrical to 200 amp service. Trexs front patio decking.
Outdoor Living – Front unit features a large private patio with brand-new decking and elegant wrought iron railing—perfect for entertaining or relaxing.
Garage & Parking – Shared double garage with ample additional street parking.
Prime Location – Walking distance to Grant Howald Park and the Community Youth Center; just minutes to the beach, top-rated schools, fine dining, shops, and services.
Spacious and Comfortable Living
Each unit offers generously sized bedrooms, including large master suites, and flowing floor plans ideal for families or group rentals. Natural light floods the interiors, enhancing the home's coastal charm.
Whether you're an investor seeking turnkey rental income, a developer looking for your next project, or a homeowner envisioning a dream estate in one of Newport Beach’s most desirable neighborhoods—this property delivers.
Sold for $3,220,000
Listed by: Newport Properties • Ernie Caponera • Contact: 714-606-0926
Bought with: Compass
$3,220,000
617 Iris Ave, Corona Del Mar, CA 92625
8beds
6baths
3,620sqft
Duplex
Built in 1965
-- sqft lot
$-- Zestimate®
$890/sqft
$7,173 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,173/mo
Zestimate® history
Owner options
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$7,173/mo
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$7,173/mo
Rent Zestimate®
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$20,024/mo
Est. payment
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$20,024/mo
Est. payment
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List your homeWhat's special
Coastal charmHigh-speed ev charging stationsNatural lightSolar panelsModern comfortsTwo spacious unitsOpen-concept living spaces
Zillow last checked:
Listing updated:
Listed by:
Ernie Caponera DRE #00781214 714-606-0926,
Newport Properties
Bought with:
Daniel Taylor, DRE #01889109
Compass
Source: CRMLS,MLS#: NP25139099
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Rooms
- Room types: Bedroom, Family Room, Great Room, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Bedroom
- Features: All Bedrooms Up
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside
Features
- Ceiling Fan(s), Cathedral Ceiling(s), Furnished, High Ceilings, Open Floorplan, All Bedrooms Up
- Flooring: Laminate, Tile
- Windows: Double Pane Windows, Screens
- Has fireplace: Yes
- Fireplace features: Electric
- Furnished: Yes
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,620
- Total interior livable area: 3,620 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: Parking, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: None
Lot
- Size: 3,311 Square Feet
- Dimensions: 30 x 110
- Features: 0-1 Unit/Acre
Details
- Parcel number: 45905220
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mid-Century Modern
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Frame, Stucco, Copper Plumbing
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Electric: Electricity - On Property, 220 Volts in Garage
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Hiking, Park, Storm Drain(s), Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Corona Del Mar North Of Pch (Cnhw)
Location
- Region: Corona Del Mar
Financial & listing details
- Price per square foot: $890/sqft
- Date on market: 6/22/2025
- Cumulative days on market: 7 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Lease term: Short Term Lease
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Sold | $3,220,000+0.6%$890/sqft |
Source:  CRMLS #NP25139099 Report a problem | ||
| 7/17/2025 | Pending sale | $3,200,000$884/sqft |
Source: CRMLS #NP25139099 Report a problem | ||
| 6/30/2025 | Contingent | $3,200,000$884/sqft |
Source: CRMLS #NP25139099 Report a problem | ||
| 6/22/2025 | Listed for sale | $3,200,000+166.7%$884/sqft |
Source: CRMLS #NP25139099 Report a problem | ||
| 7/15/2010 | Sold | $1,200,000-19.7%$331/sqft |
Source: Agent Provided Report a problem | ||
| 2/27/2010 | Listed for sale | $1,495,000$413/sqft |
Source: First Team Estates #L28061 Report a problem | ||
| 12/3/2009 | Listing removed | $1,495,000$413/sqft |
Source: First Team Estates #L28061 Report a problem | ||
| 10/31/2009 | Listed for sale | $1,495,000$413/sqft |
Source: First Team Estates #L28061 Report a problem | ||
| 7/19/2009 | Listing removed | $1,495,000$413/sqft |
Source: First Team Estates #L28061 Report a problem | ||
| 11/15/2008 | Listed for sale | $1,495,000$413/sqft |
Source: First Team Estates #L28061 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Corona del Mar
Nearby homes
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Nearby schools
GreatSchools rating
- 10/10Harbor View Elementary SchoolGrades: K-6Distance: 0.2 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2.4 mi
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